Levin Capital Strategies L.P. Has $161,000 Stock Position in The Magnum Ice Cream Company N.V. $MICC

Levin Capital Strategies L.P. reduced its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 75.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,762 shares of the company’s stock after selling 33,527 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Magnum Ice Cream were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MICC. Keybank National Association OH boosted its position in shares of Magnum Ice Cream by 11.2% during the 1st quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock valued at $206,000 after acquiring an additional 1,387 shares in the last quarter. BNP Paribas acquired a new stake in Magnum Ice Cream during the fourth quarter valued at approximately $27,000. Credit Industriel ET Commercial grew its stake in shares of Magnum Ice Cream by 144.4% in the 1st quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after purchasing an additional 1,747 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Magnum Ice Cream during the 4th quarter worth approximately $28,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream in the 4th quarter valued at $30,000.

Magnum Ice Cream Stock Performance

MICC stock opened at $17.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 5.23. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The business’s fifty day moving average price is $17.37.

Analysts Set New Price Targets

Several research analysts have issued reports on MICC shares. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Magnum Ice Cream Profile

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.